TEMPO.CO, Jakarta - The United States President, Donald Trump, officially announced the imposition of import duties on various countries worldwide on Wednesday, April 2, 2025. Forex analyst Ibrahim Assuabi said that Trump's import tariff policy could depress the value of crypto assets, especially Bitcoin.
Ibrahim stated that the value of Bitcoin has become increasingly difficult to predict after the announcement of U.S. import tariffs on several trading partner countries, including Indonesia. In an official statement on Thursday, April 3, 2025, he said bitcoin continues to fluctuate and fall to its lowest level of $75,000. This is due to the impact of the trade war imposed by the U.S., which is not in line with the expectations of crypto asset investors.
According to Ibrahim, crypto fluctuations have occurred after the influencer or brand ambassador of Bitcoin, Elon Musk, joined Trump's cabinet. As a result, the direction of Bitcoin assets has become more uncertain or difficult to predict. This will continue until Elon leaves the government and rebuilds the crypto asset.
Imposing tariffs on all goods entering the U.S. is worsening Bitcoin's value. On the other hand, Ibrahim added, the application of import duties is causing world gold prices to soar.
Based on data from Trading Economics, gold was observed above $3,164 per troy ounce Thursday morning, April 3, 2025, at 06:45. Ibrahim explained that there is a high possibility that the world gold price could exceed US$3,600 per troy ounce.
Trump announced the imposition of import duties, which he called 'reciprocal tariffs' on Wednesday, April 2, 2025. The new tariffs are applied to imports entering the U.S. from various countries worldwide, including Indonesia.
America will also impose a minimum basic tariff of 10 percent for all imported goods. Meanwhile, some countries will be subject to higher special or reciprocal tariffs. Indonesia will be subject to tariffs of up to 32 percent. Meanwhile, Cambodia has the highest reciprocal tariff, at 49 percent.
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